Jammu, May 9 -- "No unexpected jumps expected in inflation, may cool with monsoon: Economic advisor"

India's headline inflation is unlikely to see any unforeseen spikes and is projected to moderate closer to the Reserve Bank of India's target range with the advancement of the monsoon season, according to the country's Chief Economic Advisor V. Anantha Nageswaran.

Speaking at an event recently, the CEA stated that at present no scenarios bearing the risk of unexpectedly high inflation are on the horizon based on established forecasts. Wholesale prices have remained under control and food costs, a major driver of consumer expenses, are also expected to stabilize as rainfall activity picks up in the coming months as predicted. This could b...